St. James’s Place WeekWatch 9th December 2024

St. James’s Place WeekWatch 9th December 2024

Stock Take

  • The 2024 news cycle has focused mainly on the US and UK elections and conflict in Ukraine and the Middle East but is now shifting focus to developments in France and South Korea.

  • Starting in France, Prime Minister Michel Barnier resigned on Wednesday last week after losing a vote of no confidence.

  • The French Parliament is divided among Macron’s centrist party, a left-wing alliance, and the right-wing National Rally. Barnier tried to resolve this for next year’s budget but could not satisfy two of the three groups.

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